EX-12.A 3 dex12a.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement re Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12(a)

 

United Rentals, Inc.

Statement of Computation of Ratios of Earnings to Fixed Charges

 

     Year Ended December 31,
 
     1999
     2000
     2001
     2002
     2003
  
           (dollars in thousands)        

Pre-tax income

    $ 241,807     $ 301,496     $ 196,474     $ (101,384 )   $ (326,521 )

Interest expense

      139,828       228,779       221,563       195,961       209,328  

Amortization of debt issue costs

      4,154       6,880       9,468       10,080       12,387  

Interest portion of rent expense

      21,833       67,836       83,609       92,614       88,098  
    
 
 
 
 

“Earnings”

    $ 407,622     $ 604,991     $ 511,114     $ 197,271     $ (16,708 )

Interest expense

    $ 139,828     $ 228,779     $ 221,563     $ 195,961     $ 209,328  

Amortization of debt issue costs

      4,154       6,880       9,468       10,080       12,387  

Interest portion of rent expense

      21,833       67,836       83,609       92,614       88,098  
    
 
 
 
 

“Fixed Charges”

    $ 165,815     $ 303,495     $ 314,640     $ 298,655     $ 309,813  

Ratio

      2.5 x     2.0 x     1.6 x     0.7 x     (0.1 )x